Everstone Capital has agreed to sell India-based bread and bakery brand Modern Foods to Mexican bakery giant Grupo Bimbo for an undisclosed amount. Read more… Read More
DCP Capital Partners and CPE (formerly CITIC Private Equity) led a USD300m round for China-based cloud computing infrastructure provider Hotwon Group. Read more… Read More
FountainVest Partners has reached a USD1.6b first close for its fourth USD-denominated PE fund, which has an initial target of USD2.8b. Read more… Read More
Warburg Pincus exited its remaining 4.47% stake in India’s AU Small Finance Bank via open market transactions. WestBridge Capital Partners bought 5.95 million shares for INR5.42b (approximately USD73.4m). Read more… Read More
CICC Capital led an undisclosed Series C for AInnovation, the consulting unit of China-based Sinovation Ventures at a USD1b valuation, with participation from Shanghai Guohe Capital and Riverhead Capital, and follow-on from China Renaissance’s Huaxing New Economy Fund. Read more… Read More
Partners Group invested USD250m in Indian logistics company Ecom Express, facilitating a partial exit for controlling shareholder Warburg Pincus. Partners Group and Warburg Pincus now both have 35% stakes in the business, with CDC Group and Ecom’s founders holding the remaining stake in the company. Read more… Read More
IMM Private Equity completed a final close for its fourth South Korea-focused vehicle, RoseGold IV. Read more… Read More
Fubon Life Insurance, the insurance arm of Taiwan-based financial conglomerate Fubon Financial Holdings, has invested a combined USD130m in two Hillhouse Capital funds. Fubon has committed USD65m to Hillhouse Fund V and USD65m to Hillhouse Focused Growth Fund V. Read more… Read More
Gaja Capital led a USD32m Series B for Indian marketing automation and customer-relationship platform LeadSquared with participation from existing investors GSK Velu-led Stakeboat Capital and AppDynamics founder Jyoti Bansal. Read more… Read More
Multiple Ventures invested an undisclosed seed round in Indian HRtech Nova Benefits. Read more… Read More
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